State Street completes CF Global Trading acquisition
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State Street completes CF Global Trading acquisition 01 February 2024US Reporter: Lucy Carter
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State Street has completed its acquisition of CF Global Trading.
The acquisition allows State Street to expand its existing outsourced trading solutions to service clients in the UK and EU. Currently, the firm’s provisions are available to clients in the Americas, APAC and Middle East.
CF Global Trading specialises in outsourced trading on an agency basis, covering asset classes including equities, listed derivatives and fixed income.
With the addition of CF Global Trading, State Street is able to offer a global trading solution through its State Street Alpha front-to-back platform.
Dan Morgan, global head of portfolio solutions at State Street, says: “Outsourced trading enables organisations to access new asset classes, prepare for regulatory shifts and navigate global markets while allowing them to focus on their strategic outcomes on behalf of their clients.
“The addition of CF Global Trading brings industry-leading expertise that strengthens our current outsourced trading services.”
Scott Change, co-founder and CEO of CF Global Trading, comments: “Joining State Street allows our team to continue to build on our client platform and outsourced trading experience with the scale that comes with being part of one of the world’s largest institutional financial services providers.”
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